Tata Electronic plans to bolster presence in electronics, semiconductor biz

The Tata Group plans to expand its presence in the electronics and semiconductor business, The Economic Times (ET) reported. The conglomerate is looking for land close to its electronics manufacturing plant in Krishnagiri, Tamil Nadu, the report said.

As a part of the expansion plan, Tata will likely broaden the range of mobile components it manufactures. It may also set up an outsourced semiconductor assembly and test (OSAT) unit, the report quoted people aware of the development.

Tata Electronic’s expansion plans are being seen as an extension of its ongoing acquisition of Wistron’s iPhone manufacturing unit in Karnataka’s Kolar district.